Melis Kahya, General Atlantic Head of Consumer for EMEA, added: “Technology continues to transform the retail landscape around the world and we are incredibly excited to be investing in Depop as it looks to capture the huge opportunity ahead of it.

“In a short space of time the team has developed a truly differentiated platform and globally relevant offering for the next generation of fashion entrepreneurs and consumers.

“The organic growth generated in recent years is a testament to the impact they are having and we look forward to working with the team to further accelerate the business.”